Slovakia Inflation April 2016

Slovakia: Drop in consumer prices eases in April

May 18, 2016

In April, consumer prices rose 0.3% over the previous month, following the flat reading tallied in March. April’s figure, which hit an 11-month high, mainly reflected higher prices clothing and footwear, transport as well as for alcoholic beverages and tobacco.

The National Bank of Slovakia (NBS) expects harmonized inflation to be 0.4% on average in 2016, before accelerating to 1.8% in 2017. FocusEconomics Consensus Forecast participants expect harmonized inflation to be 0.1% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel expects HICP inflation to rise to 1.6%.